Solid State Drive Market (By Type: External, Internal; By Storage: Under 120 GB, 120GB-320GB, 320GB-500GB, 500GB-1TB, 1TB-2TB, Above 2TB; By End-Use: Enterprise, Client) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 2030

The global Solid State Drive market size is expected to be worth around US$ 31.5 billion by 2030, according to a new report by Vision Research Reports.

The global Solid State Drive market size was valued at US$ 9.5 billion in 2020 and is anticipated to grow at a CAGR of 15.7% during forecast period 2021 to 2030.

Report Coverage

Report Scope Details
Market Size US$ 31.5 billion by 2030
Growth Rate CAGR of 15.7% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Type, Storage, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Intel Corporation; Micron Technology, Inc.; Samsung Electronics Co., Ltd.; Seagate Technology PLC; and Western Digital Corporation

Growth Factors

 The market is majorly driven by increasing penetration of high-end cloud computing, growing adoption of SSDs in data centers, and numerous advantages of SSDs over hard disk drives (HDDs).

Rising adoption of SSDs in data centers is a result of various factors such as its greater efficiency compared to traditional HDD storage, increased demand for storage infrastructure, and advancements in enterprise-level SSD in terms of reliability and performance. Enterprises prefer SSDs because they consume less energy, allow for reduction in sprawl, and result in a smaller environmental footprint.

By Storage Analysis

Based on storage type, the market can be segmented into under 120 GB, 120GB–320GB, 320GB–500GB, 500GB–1TB, 1TB–2TB, and above 2TB. SSD storage is gaining popularity due to its unique performance and mechanical characteristics.

The primary components of a solid state drive include a controller and a memory module. Currently, most SSD manufacturers use NAND flash-based memory, owing to benefits such as low cost and non-volatility, as compared to dynamic random-access memory.

By End-use Analysis

Based on end use, the market is segmented into enterprise and client. Based on the size, the enterprise segment is further categorized into small, medium, and large. A large number of enterprise applications require high reliability, constant uptime, high-performance storage devices, power efficiency, and high throughput. 

Massive amounts of digital data and content generation and transfer and need for reliable and fast data storage options have elevated the demand for SSDs, for personal (client) as well as professional (enterprise) use. Demand for usage in the client segment is high as users prefer fast and large data storage options. 

By Type Analysis

Based on type, the solid state drive market is segmented into external and internal SSD. Solid state drives can be either installed inside computers, laptops, and tablets or can be used as external devices for data storage. 

Global storage capacity per household is increasing due to the intense use of social media, soaring data transfer, and high amounts of media content generated. 

By Regional Analysis

Based on the region, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa (MEA). The North American region led the market in terms of revenue in 2020. The rate of replacing hard disk drives (HDDs) with solid state drives is higher in North America than in other regions.

 South America and MEA markets are also being driven by the increasing use of laptops and smartphones embedded with SSDs. The growing popularity of the advantages of solid state drives over HDDs is expected to boost demand.

Key Players

Intel Corporation; Micron Technology, Inc.; Samsung Electronics Co., Ltd.; Seagate Technology PLC; and Western Digital Corporation.

Market Segmentation

  • By Type

    • External

    • Internal

  • By Storage

    • Under 120 GB

    • 120GB-320GB

    • 320GB-500GB

    • 500GB-1TB

    • 1TB-2TB

    • Above 2TB

  • By End-Use

    • Enterprise

      • Small

      • Medium

      • Large

    • Client

  • Regional

    • North America

      • The U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • The U.K.

    • Asia Pacific

      • China

      • Taiwan

      • India

    • South America

      • Brazil

    • The Middle East and Africa 

The Solid State Drive market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Solid State Drive market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Solid State Drive market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Solid State Drive market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Solid State Drive market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Solid State Drive capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Solid State Drive by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Solid State Drive market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Solid State Drive market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Solid State Drive market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Solid State Drive industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Solid State Drive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Solid State Drive market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Solid State Drive market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Solid State Drive market. These factors have benefited the growth of the global market for Solid State Drive. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Solid State Drive. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Solid State Drive are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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